Guide for Reducing Financial Leakage inContract Workforce Management

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Glossary

Gross Salary

Gross salary is the total salary an employee earns before deductions such as income tax, provident fund, professional tax, or other applicable deductions.

It may include basic salary, allowances, incentives, bonuses, and other components depending on the employee’s salary structure.

Gross salary is different from net salary, which is the amount an employee receives after applicable deductions.

In simple terms, gross salary is an employee’s total earnings before deductions.

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Gig Workforce

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Gratuity

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